A Madrid court on Friday handed down a sentence of more than four years in prison to Rodrigo Rato, the former chief of the International Monetary Fund (IMF) and Spain’s ex-economy minister.

Rato was convicted of multiple charges, including tax crimes, money laundering, and corruption.

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The court found Rato guilty of “three offences against the treasury, one offence of money laundering, and one offence of corruption between individuals,” according to an official statement.

Details shortly………..

South Korean President, Yoon Suk Yeol has been banned from leaving the country, the Justice Ministry confirmed Monday, following a week of political chaos triggered by his brief declaration of martial law.

The ban marks the first time a sitting president has faced such a restriction in the nation’s history.

Recall that on December 3, Yoon ordered special forces and helicopters to the National Assembly in an attempt to impose martial law.

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Lawmakers swiftly overturned the decree, forcing Yoon to rescind the order. Although he survived an impeachment motion on Saturday, public anger has continued to mount, with large protests demanding his resignation.

Authorities are now investigating Yoon and his close allies for their roles in last week’s events, including allegations of insurrection.

Among those facing travel bans are former Defense Minister Kim Yong-Hyun, who is in custody, and former Interior Minister Lee Sang-min.

General Park An-su, who led the martial law operation, and Defence Counterintelligence Commander Yeo In-hyung have also been barred from leaving the country.

General Park was questioned by investigators on Monday as the probe intensified.

Yoon’s impeachment failed after members of his ruling People Power Party (PPP) walked out of the National Assembly, denying the opposition the required two-thirds majority.

In exchange for their support, Yoon reportedly agreed to delegate his powers to the prime minister and the PPP chairman.

“This is an unlawful, unconstitutional act of a second insurrection and a second coup,” said Park Chan-dae, floor leader of the opposition Democratic Party.

Critics argue that Yoon’s decision to hand power to unelected officials violates the constitution.

“It seems to resemble an unconstitutional soft coup,” said Kim Hae-won, a constitutional law professor at Pusan National University.

“Their attitude of placing themselves above the constitution mirrors that of insurrectionist Yoon Suk Yeol,” added Park Chan-dae.

Despite Yoon’s apology for the “anxiety and inconvenience” caused by his martial law order, his approval rating has plummeted to 11%, according to a recent Gallup poll.

Opposition leaders have announced plans for a second impeachment vote on Saturday, with massive protests expected outside the National Assembly.

The PPP’s claim that Yoon can remain in office while delegating his powers to party officials has also been widely criticized.

“If there are issues with the president, the constitution lays out clear procedures, such as suspension or impeachment,” said Professor Kim Hae-won.

The ongoing crisis has raised concerns about South Korea’s leadership amid tensions with nuclear-armed North Korea.

The Defense Ministry confirmed Monday that Yoon remains the official commander in chief, despite questions about his authority.

“Legally, (control of military forces) currently lies with the commander in chief,” said Defense Ministry spokesperson Jeon Ha-Kyou.

South Korea’s Interior Minister, Lee Sang-min, has resigned amid ongoing investigations into the recent declaration of martial law that has plunged the country into political turmoil.

Lee announced his decision on Sunday, stating he was stepping down “in grave recognition of responsibility for failing to serve the public and the president well,” according to the JoongAng Ilbo newspaper. President Yoon Suk Yeol has accepted the resignation, the paper reported.

Both Lee and President Yoon are facing investigations for alleged insurrection following Tuesday’s controversial declaration of martial law. The decree, which drew sharp criticism domestically and internationally, was rescinded on Saturday after lawmakers overwhelmingly voted it down. President Yoon narrowly survived an impeachment motion during the same parliamentary session, adding to the growing scrutiny of his administration.

On Sunday, police arrested former Defense Minister Kim Yong-hyun, who oversaw the martial law operation.

Kim, who had already been placed under a travel ban, is being investigated for his role in implementing the decree.